The U.S. Chamber of Commerce Foundation and American Express has announced that the Coalition to Back Black Businesses (CBBB) is now accepting applications for its 2022-23 grant program, which will provide $5,000 grants to 272 Black-owned small businesses to help them meet critical needs and invest in long-term growth.
Eligible business owners can apply for the grant online here, starting today through Sept. 6, 2022.
The CBBB is a multi-year initiative created by the U.S. Chamber Foundation and American Express to support the long-term success and resilience of Black-owned small businesses. The program is a first-of-its-kind collaboration with four leading national Black business organizations, including the National Black Chamber of Commerce, the National Business League, the U.S. Black Chambers, Inc., and Walker’s Legacy. To date, the CBBB has awarded more than $6.4 million in grants to 1,091 Black-owned small businesses in 40 states to help fund essential expenses such as payroll, utilities, and expanding or replacing inventory, among other needs.
In addition to $5,000 grants, the CBBB provides additional resources for sustained support, such as one-on-one mentorship and training for small businesses based on individual business needs, offered in partnership with Ureeka. This year, the program will also receive additional support from Cummins and Shopify. Selected grantees will also have the opportunity to apply for $25,000 enhancement grants in spring 2023 to further grow their business.
To be eligible for the grant program, businesses must meet certain criteria, including having between three and twenty full-time, part-time, or otherwise contracted employees, and must be located in an economically vulnerable community. Business owners can check their eligibility and express their interest in the program by filling out a short form on the CBBB’s website.
For more information on eligibility and the application process, visit webackblackbusinesses.